November is Financial Literacy Month, and students from Pinetree Secondary School in Coquitlam are eager to become “money smart” after participating in a financial education course by Edward Jones Canada. This article features a submission from Sophie Plaseska, a Grade 10 student, who shares her thoughts on the importance of financial literacy.
The Ever-Changing World of Money
Throughout history, people have traded goods and services, and for the past 5,000 years, money has facilitated these exchanges. Today, money has evolved into digital forms, yet its role in our lives remains crucial. Despite the rapid progress of civilization, the fundamental need to understand and manage money persists.
As a teenager in Canada, I’m beginning to grasp the complexities of finance. With graduation approaching, I feel an increasing urgency to comprehend financial terms and concepts. For instance, I want to learn how to pay bills and taxes, understand credit cards, and make informed investment decisions.
Navigating Financial Knowledge
Every conversation and online search about finance seems to offer different advice on managing money effectively. I aim to distinguish between reliable information and misleading claims. Learning about finance is essential for making informed decisions and building a secure future.
I aspire to enter adulthood with confidence in my financial knowledge, prepared to handle various financial situations. Setting clear goals and budgets is vital for optimizing both money and time. I want to plan for short-term and long-term financial goals and make strategic investments.
Practical Steps Towards Financial Independence
While I have much to learn, I already practice some financial management strategies. I ensure I always have a certain amount of money in my bank account. Without a job, sticking to a budget is challenging, but I save money by employing simple strategies.
For instance, I wait a few weeks before purchasing something I want. Often, I realize I no longer desire the item or can’t afford it. Additionally, I shop at thrift stores like Value Village for clothes and books, saving money and benefiting the environment.
Preparing for the Future
Money significantly impacts everyone’s life. As I prepare for graduation, I want to ensure I can support myself and find ways to save and grow my finances. Financial education is crucial, and it’s never too early to start learning. I am excited to deepen my financial knowledge and prepare for a secure future.